Quarterly Financial Report 31 March 2021

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International Personal Finance plc 
Consolidated Quarterly Financial Report for the period ended 31 March 2021
Management Board Report

Principal activity
International Personal Finance plc specialises in providing unsecured consumer credit to 1.7 million customers across 11 markets.  We operate the world's largest home credit business and a fintech operator, IPF Digital.

Financial and operational highlights

Robust trading performance in Q1 and improved financial performance
Good progress made in rebuilding the business and serving our customers safely
Improving credit issued with YoY contraction moderating to 18% in Q1 2021 compared to 31% in Q4 2020
Continued strong collections performance delivered 5.2 ppt improvement in impairment as a percentage of revenue to 32.2%
Significant improvement in financial performance - group profit before tax of £24.0 million
Strong funding position and well-capitalised balance sheet
Well capitalised balance sheet - equity to receivables ratio 54.4%
Bond and bank facilities total £591 million of funding to support future growth
Headroom on undrawn facilities and non-operational cash balances of £175 million  
 
Group key statistics Q1 2020 Q1 2021 YOY change at CER
Customer numbers (000s) 2,040 1,660 (18.6%)
Credit issued (£m) 271.2 214.2 (18.4%)
Revenue (£m) 196.7 130.9 (30.9%)
Annualised impairment % revenue 28.2% 32.2% (4.0 ppt)
Cost-income ratio 44.2% 49.4% (5.2 ppt)
Statutory PBT (£m) 8.4 24.0
Statutory EPS 2.3 5.7
 

Please refer to the associated PDF document to view the full announcement.
 

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